Overview
Prime Chicago Land Opportunity
This is a rare opportunity to acquire 0.87 acres, consisting of 7 parcels totaling 37,763 square feet, located on Chicago's Northwest Side. The property, currently occupied by Star Distributors, will be delivered vacant, providing flexibility for owner-users, investors, or developers. It is zoned B1-1, a designation that allows for a wide range of commercial, office, service, and residential uses above the ground floor. The property is situated on N Milwaukee Ave between Keeler and Tripp, offering excellent frontage, visibility, and traffic. It is located one mile from the redeveloped Six Corners, which features a new Target, 206 luxury apartments, Clarendale Senior Living with 258 units, Northwestern Medicine's $150 million outpatient center, and a new ALDI. The location is transit-friendly, with Bus Route 56 in front of the site and Routes 53 and 152 within 0.2 miles. The CTA Blue Line (Irving Park/Addison) is 0.75 miles away, and Metra (Grayland) is 0.5 miles away, with Irving Park 0.7 miles away. There is easy access to I-90/94. The area is experiencing major public and private investment, including a $27 million streetscape upgrade to Milwaukee Ave and Logan Square, enhancing walkability and safety. The property features full block frontage with ample parking. Strong nearby retail includes Target, Aldi, CVS, Starbucks, and Chipotle. The demographics show over 54,000 residents within one mile with an average income of $118,000, and over 493,000 residents within three miles with an average income of $127,000. There are over 95,000 local workers.